Dhanuka Agritech Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Dhanuka Agritech reported Q1 FY26 revenue of INR528.29 Cr (+7% YoY) and PAT of INR55.5 Cr. Growth was subdued by a delayed monsoon, muted herbicide demand (soybean/cotton), and high channel inventory in key regions. Despite this, management reaffirmed its double-digit revenue growth outlook for FY26, expecting Q2 recovery from improved rainfall, boosting fungicide and insecticide sales.

A 100 bps decline in full-year EBITDA margin is anticipated. New product 'Dinkar' (paddy herbicide) showed encouraging response. Dahej plant generated INR16.5 Cr revenue with INR3 Cr EBITDA loss; a second product is on track for H2 FY26. Royalty income from Bayer products was INR9 Cr. Management expresses confidence in the business trajectory.